Waste Management Q2 2024 Adj EPS $1.82 Misses $1.83 Estimate, Sales $5.402B Miss $5.427B Estimate
Portfolio Pulse from Benzinga Newsdesk
Waste Management (NYSE:WM) reported Q2 2024 earnings of $1.82 per share, missing the analyst estimate of $1.83. Sales were $5.402 billion, also missing the estimate of $5.427 billion. Despite the misses, earnings and sales increased year-over-year by 20.53% and 5.53%, respectively.
July 24, 2024 | 8:31 pm
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NEUTRAL IMPACT
Waste Management's Q2 2024 earnings and sales both missed analyst estimates, but showed significant year-over-year growth. The slight misses may cause short-term negative sentiment, but the strong growth could mitigate the impact.
The slight misses in both earnings and sales are likely to cause some short-term negative sentiment among investors. However, the significant year-over-year growth in both metrics could mitigate the negative impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100